Marks & Spencer’s results might have been so-so, but the chairman gave an honest, well-received speech, admitting Britain’s favourite retailer has been ‘drifting and under-fulfilling its promise for fifteen years’.

With Norman’s track record at Asda and ITV, there’s a feeling M&S boss Steve Rowe now has the perfect chairman to help implement his turnaround plans.

Guy Hands, 58, Founder, Terra Firma

... AND ZERO

Guy Hands, 58, Founder, Terra Firma

The private equity tycoon is in line to lose £450 million as his efforts to turn around struggling care home Four Seasons looks set to end in disaster.

It represents further embarrassment for Hands who suffered a multi-million pound loss after his 2007 takeover of record label EMI.